American Politics during the Bush Presidency

I am so ambivalent on the selection of president due to the choices available that I really haven't had much input on this discussion. However, I had to comment on this one statement:

[QUOTE=Gipse]National Security: Any concerns I had about Obama were allevialed with the endorsement of Colin Powell. Obama wants an end to the Iraq war which has nothing to do with National Security. Obama wants more troops in Afghanistan which has everything to do with National Security.[/QUOTE]After Powell's obvious fronting (whether as an unwitting pawn, or an enthusiastic participant, or somewhere in between) for the Bush administration's setting up of invading Iraq, how much strength of word can he really carry for convincing someone on this point?

We're going to be sorry regardless of who wins. Prepare for more of the same: higher taxes, more regulation, continued hollowing out of American industry, and, my personal favorite, more war.

Very Interesting story.

[url]http://www.sfgate.com/columns/networth/[/url]

Mongers,

El Alamo will be showing Live Election Coverage, in English on CNN and Fox News, well into the night. If Obama wins tonight, there will be a round of beers on the house.

Suerte,

Rock Harders

U. S. Stocks Advance in Biggest Election Day Rally Since 1984

By Elizabeth Stanton.

Nov. 4 (Bloomberg) -- U. S. Stocks advanced in the biggest presidential Election Day rally in 24 years, led by energy and banking shares, on higher commodity prices and speculation the Treasury will bail out more financial companies.

General Electric Co. Added 7.7 percent and CIT Group Inc. And Principal Financial Group Inc. Climbed more than 20 percent after people briefed on the matter said the government may broaden the focus of its rescue program. Exxon Mobil Corp. And Chevron Corp. Led all 40 energy shares in the Standard & Poor's 500 Index higher as oil gained more than $7 a barrel. Archer Daniels Midland Co. Rose as much as 22 percent after profit more than doubled at the world's largest grain processor.

'The market has come to the conclusion that Armageddon is off the table,'' said Philip Orlando, who helps manage $330 billion as chief equity strategist at Federated Investors Inc. In New York. 'The elimination of the uncertainty of the campaign typically results in an end-of-year rally and you're starting to see that today.''

The Standard & Poor's 500 Index added 33.82 points, or 3.5 percent, to 1,000.12 at 1:08 p. M. In New York, its first day above 1,000 since Oct. 14. The Dow Jones Industrial Average rose 265.15 points, or 2.9 percent, to 9,584.98. The Nasdaq Composite Index advanced 51.1, or 3 percent, to 1,777.43. Gains in Europe and Asia sent the MSCI World Index to a sixth straight advance.

Today's gains in the S & P 500 and Dow average were the biggest ever for a presidential Election Day. The NYSE first opened for trading during a presidential vote in 1984. The S & P 500 averaged a 0.3 percent gain on those days since then.

[QUOTE=Gauntlet77]U. S. Stocks Advance in Biggest Election Day Rally Since 1984

By Elizabeth Stanton.

Nov. 4 (Bloomberg) -- U. S. Stocks advanced in the biggest presidential Election Day rally in 24 years, led by energy and banking shares, on higher commodity prices and speculation the Treasury will bail out more financial companies.

General Electric Co. Added 7.7 percent and CIT Group Inc. And Principal Financial Group Inc. Climbed more than 20 percent after people briefed on the matter said the government may broaden the focus of its rescue program. Exxon Mobil Corp. And Chevron Corp. Led all 40 energy shares in the Standard & Poor's 500 Index higher as oil gained more than $7 a barrel. Archer Daniels Midland Co. Rose as much as 22 percent after profit more than doubled at the world's largest grain processor.

'The market has come to the conclusion that Armageddon is off the table,'' said Philip Orlando, who helps manage $330 billion as chief equity strategist at Federated Investors Inc. In New York. 'The elimination of the uncertainty of the campaign typically results in an end-of-year rally and you're starting to see that today.''

The Standard & Poor's 500 Index added 33.82 points, or 3.5 percent, to 1,000.12 at 1:08 p. M. In New York, its first day above 1,000 since Oct. 14. The Dow Jones Industrial Average rose 265.15 points, or 2.9 percent, to 9,584.98. The Nasdaq Composite Index advanced 51.1, or 3 percent, to 1,777.43. Gains in Europe and Asia sent the MSCI World Index to a sixth straight advance.

Today's gains in the S & P 500 and Dow average were the biggest ever for a presidential Election Day. The NYSE first opened for trading during a presidential vote in 1984. The S & P 500 averaged a 0.3 percent gain on those days since then.[/QUOTE]Gauntlet.

I hope you are correct. We had another President who was elected at a young age, John Fitzgerald Kennedy, who know more about the ecomomy than most people think. Probably because his dad was a giant on Wall Street.

Maybe we will have the same luck with Obama. Maybe he knows more about the economy than most people think. I hope so. At the very least he will not continue with the deficit spending lunacy that we have now. At least I hope not.

Professor ousted after tearing down McCain yard signs.

The St. Olaf (Northfield, Minn. Professor who, in a well-read Huffington Post item, recounted tearing down McCain campaign signs has resigned.

Per the Northfield News, it appears that Philip Busse was forced out.

St. Olaf spokesman David Gonnerman issued the following statement Monday afternoon:

"The St. Olaf College administration first learned of Phil Busse's self-admitted theft and destruction of campaign signs on the morning of Oct. 31 as a result of his posting on the Internet.

"The St. Olaf administration immediately referred the matter to local law enforcement authorities and commenced an investigation of its own.

"Mr. Busse has tendered his resignation and is no longer affiliated with St. Olaf College.

Busse has been charged with misdemeanor theft.

******I hope nobody on this board does anything as stupid as this.

Believe me, this election is not worth it. We will survive whoever wins.

I liked it better when all we did was CHASE PUSSY *****

[QUOTE=El Alamo]Gauntlet.

I hope you are correct. We had another President who was elected at a young age, John Fitzgerald Kennedy, who know more about the ecomomy than most people think. Probably because his dad was a giant on Wall Street.

Maybe we will have the same luck with Obama. Maybe he knows more about the economy than most people think. I hope so. At the very least he will not continue with the deficit spending lunacy that we have now. At least I hope not.[/QUOTE]El Alamo,

Well I don't know whether Obama knows that much about the economy. But since the stock market is fueled by emotion, he himself doesn't need to have a deep economic background to lead the country out of this mess. What he does have is that rare ability to inspire people to believe in themselves and in the future. That is worth more than a Nobel Prize in economics at this juncture.

His speech tonight after the election will be historic. A possible turning point in the mood of the United States and of the world. If he restores people's faith and gives people hope, I sense a hell of a rally in the markets tomorrow.

Good luck to us all!

[QUOTE=Rock Harders]Mongers,

El Alamo will be showing Live Election Coverage, in English on CNN and Fox News, well into the night. If Obama wins tonight, there will be a round of beers on the house.

Suerte,

Rock Harders[/QUOTE]Rock,.

That's fantastic but what happens if McCain wins? Perhaps a round of insecticide (kool aid) on the house.

Suerte

So I went to vote today and as everybody knows I've been supporting Obama as long as this has been going on. As I walked in to the poll they had a poster of Obama / Biden and McCain / Palin on the walls. I had to wait a bit to vote and something was bugging me. I couldn't put my finger on it, but I was really uncomfortable. I stepped behind the screen and hit a strait Dem ticket, ran through the referendums and hit vote, then a screen came up for me to confirm and I reached out to do it. At that moment it hit me, I just couldn't vote to put a fucking niger in the White House. I thought I was a better person but I wasn't, I just couldn't put his black ass in power, I knew welfare would triple and all the rest of those monkeys would think they had it made. I backed out my vote and changed it to McCain.

As if. Psych!

Obama 174, McAngryOldGuy 64. I think it's going to be a slaughter.

;-) Its a great country!